Market continues to slide. As of now, $BTC is trading at $121,666 and $ETH is trading at $4,367. Bitcoin dominance stands at 59.31%.
Senate Democrats have proposed new DeFi regulations defining when individuals or protocols “exercise control or sufficient influence,” potentially classifying developers, operators, and major users as regulated intermediaries. The plan has faced strong backlash from Republicans and crypto advocates, who argue it could stifle innovation and drive DeFi development overseas.
A few other headlines include: Binance Wallet has launched the exclusive Meme Rush platform, Bybit has obtained a Virtual Asset Platform Operator license from the UAE, and Digital Currency Group subsidiary Yuma has launched an asset management division with two flagship funds.
During the last 24 hours, the top three gainers were $ZEC, $HASH, and $DASH, while the top three losers were $XPL, $MNT, and $2Z.
